5 Bands Blamed for Bankrupting Their Labels
Indie records labels come, and indie record labels go, but the five mentioned in this list all have one thing in common: They can blame one of their flagship acts for bringing about their downfall. Some of the following labels’ bankruptcies can be tied to the exorbitant recording cost — or equally disappointing sales — of one high-profile album, while others are slightly more complicated. Either way, all five labels went under, and all five have also been known to point fingers at specific acts. Hence, this list: 5 Bands Blamed for Bankrupting Their Labels.